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KINGSTON â€“ The University of Rhode Island directly and indirectly generated $726 million in statewide economic activity, supported 8,200 jobs and provided $392 million in wages in fiscal year 2012, according to a newly released report, â€śThe Economic Impact of the University of Rhode Island.â€ť
â€śThis independent assessment reinforces the fact that the University of Rhode Island is a major contributor to the economic vitality of the state,â€ť URI Foundation President Michael Smith said in a statement.Â â€śIt shows the value the university brings to Rhode Islanders, and demonstrates how scientific discovery and innovation at Americaâ€™s universities play a significant role in economic growth.â€ť
The URI Foundation, on behalf of URI, commissioned Appleseed, Inc., of New York City, to produce a report, which is based on data from fiscal year 2012, on the universityâ€™s economic impact in the state of Rhode Island.
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